ClearTax Raises $50 Million from Hong Kong based Investor
Online tax return-filing and investment platform ClearTax has raised funds amounting to $50 million in a fresh financing round. The round was led by Composite Capital which is based in Hong Kong.
This deal has come at a time when the financial tech sector, commonly referred to as fintech, has clocked rapid growth and managed to attract aggressive funding. The investor basically invests in early- to mid-stage companies across consumer goods, retail, transportation and technology in Asia. It was founded by a former partner at one of the leading Chinese investment firms called Hillhouse Capital.
Talking about the total funding of ClearTax, the company has raised $65 million since inception. It counts popular Silicon Valley entrepreneurs like Peter Thiel, whose Founders Fund and Max Levc...